One of the firm’s offshore strategies almost doubled in size in 2020.
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One of the firm’s offshore strategies almost doubled in size in 2020.
Assets of the bank’s fund management businesses breached the Ps 1trn ($20.7bn) mark last year.
The fund is available in Philippine pesos, making it easier for domestic investors to invest in the product.
Affin Hwang Asset Management has introduced an income product for Malaysian investors, aiming for 5% annual distribution.
The number of feeder funds denominated in the local currency has surged during the past two years.
Despite the October downturn, global feeder funds managed by Atram Trust in Manila saw strong inflows, according to director Andrew Caw.
Assets in foreign investment funds in Thailand soared 60% to $17bn this year compared to 2016 as Thai investor appetite for global funds continues to rise.
Manila-based Security Bank Philippines has launched two feeder funds that invest in low cost ETFs managed by Vanguard.
Manila-based Security Bank has launched an Apac-focused fund managed by Mitsubishi UFJ AM, underscoring the growth of feeder fund arrangements.
Kuala Lumpur-based Affin Hwang Asset Management has launched a mixed-asset absolute return fund that feeds into a Schroders fund, according to a statement from the firm.
Part of the Mark Allen Group.